Investor's Edge with Gary Kaltbaum - THE DEBATE [10.02.2024]

Episode Date: October 2, 2024

https://garykaltbaum.com/

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place, to go to our existences. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening.

It is October 6th, yes, 2nd, 2004. It would be a Wednesday. Hope you having a good day. In case you don't know, this is serious talk and everything that affects you. And we mean everything. As we head into the election, we'll cover it like no others, without an agenda, ulterior motive or bias. It's just we the people. We'll talk markets, the economy, your job, your industry, taxes, debt, deficits, spending, scams, shams, corruption, you name it, we cover it.

And as we start out today, we cover the debate. Last night, we have some thoughts. Number one, the woman on the right, Margaret Brennan, if I say anything about her, her husband would probably find me and punch me in the head. So let me just say, another biased hack. That's all. another in the tank hack that's all can't even take a window on worldwide tv and just be a journalist you have to inject yourself because you don't like the person on the left but you like the person on the

right. So when the person on the left is making a point, a very important point, you cut his ass off, are the rules. Take your rules and stick it. This is about the future of the country. That's number one. Number two, I loved that the demeanor, you know what's tiresome? You know what's tiresome, right? I think it's old now. The name calling, you know what I'm talking about. The utter stupidity, the Eddie Haskellness of certain candidates. Go look up Eddie Haskell. I like that.

J.D. Vance. Let me be blunt. I say he's a five times better candidate for president than Donald Trump. And I only wish that it was his. at the helm and not Donald Trump. I'm a big believer that a president of the United States has got to have a way about them. You can be very passionate about your beliefs. You can even be pissed off about your beliefs.

But there is a way. I want to be able to tell my sons, I want you to act like that. J.D. Vance, much better than Trump, but guess what? Not the case. I thought he did a very good job. In a minute, I'm going to explain what he missed badly, but terrific. I thought his acumen, his inflection. We're not talking.

policy yet, his expressions, his shrugging off the adult moderators, thought he did very well. Waltz. Well, as you know, we disagree with this policy big time. I think he carried himself well. And that's what you want to see first and foremost. He carried himself well. Of course, he lied. Of course, J.D. Vance wouldn't answer the question about January 6th.

Understood. But I thought, as a whole, they carried themselves as gentlemen. Good to see. But for me, a big point. And the big miss. And that's why I keep telling you that if I was running for president, I'd be up 10 points right now. because what do most Americans care about? I want you to think about that.

What do most people of the world care about? Freedom, good health, have enough that you do not have to wake up in the middle of the night in a cold sweat and worried about where your next paycheck is? a good job, stability, you want to know your kids are having a good education and you want greatness from your children, that's what you want. That's what you want. You want upward mobility. Hey, you're out of college and you're not sure what you want to be and you get into something. All of a sudden you realize, I'm going to be a doctor. How do you get to be a doctor? Well, you've got to educate the hell out of yourself,

and you've got to go to medical classes, and then you've got to go to medical school, and then you've got to pass all kinds of exams, and then you go into a hospital or whatever, and you're an intern, and then, and then, and then, and then you start out, and you have a few patients, you're starting to make some good money, and slowly but surely up with mobility.

Or you start frying burgers at McDonald's. and slowly but surely you become a manager of that McDonald's and then McDonald's likes you so much they have an offer you to move to some city and we're going to give you a franchise and we're going to loan you the money and let's see how well you do and then you do so well here comes a second third fourth fifth sixth seventh eighth night you're multi-millionaire it's what everybody wants I hear none of it and I'm sitting there thinking to myself J.D. here you have a representative of Kamala Harris, Kamala Harris, that wants to get rid of the Trump

tax cuts, meaning every tax cut, wants to raise corporate taxes on all corporations, wants to raise long-term capital gains taxes, so it disincentivized holding longer, wants unrealized capital gains, wants a wealth tax, wants the investment tax that Obama started to go higher. But they keep telling us, oh, it's just for the freaking wealthy. Because you know, the wealthy are just terrible people. So imagine you wanting to become great, wanted to become wealthy. And they basically tell you if you become wealthy, you're a tax cheat and you don't pay enough and we are going to tax the living hell out of you. By the way, what's that idiot New York mayor that once said, oh, we want to, he was running for President de Blasio. We're going to tax the

hell out of the wealthy. And I don't hear J.D. Vance even bringing up the taxes. I would be sitting there saying, if you move up your lot in life, you work your tail off, you wake up early, you go to work, You get there on time. You work late to do better and stronger and everything else. And here's what they want to do to you. First off, this tax rate's going to here. This tax rates go into here. This tax rates go into there.

This tax rates go into there. And it's going in their pockets and out of your pockets while under their watch. Everything you're paying for is going up. In other words, they should have a banner at the Democratic National Committee saying, We are the vicious cycle. Nope. Another missed opportunity. The Republican Party is a bunch of doofuses.

It's such a gimmy. And they can talk about it all they want, that it's for the wealthy. Don't worry, don't worry. I got news for you. You tax the wealthy. You tax the wealth. You tax the higher levels.

That means as you get bigger, as you move up the ladder, they're taking more and more because you're the enemy. Control freakism, Marxist, socialist hate success because success don't need them. So they prey on you. And J.D. Vance, just like Trump, missed another gargantuan opportunity. I would be leaving them laying with just a few sentences. They wouldn't even know what hit them.

Imagine the one-two punch of you're paying more for everything you buy, and then they still want to tax you more. Do you know, California? I just think, I think they just added how many taxes? Like 47 new taxes on the citizens of California? Newsome and the rest, they hate their citizens. And they keep voting them in. It's so weird, ladies and gentlemen. It's the weirdest thing.

it really is Newsom just raised the gas tax again it's amazing stunning up next we'll put a bow tie on it then the market's lots to say as always I'm Gary this the one only investor's edge hi I'm Gary Kalpom

hosted a nationally syndicated radio show Investors Edge we're not just handsome radio people we manage investors money for a living specializing in fee-based discretionary money management no big just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully

evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complimentary portfolio review. The number to call is 8.000. 888 422-5-559. That's 888-4-22-55-9. That's 888-4-2-2-2-5-5-9. Investment Advisory Services offered through Colt Bomb Capital Management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script,

the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health. with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches.

Like I get a stomach ache every time that I eat, and it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that, generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication.

We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. If you've been following the news, you know the world is dealing with a level of uncertainty that isn't, going away anytime soon. Inflation pressures, global tensions, and the highest U.S. debt levels on record continue to influence markets day after day, and the result is familiar to anyone checking their retirement balances or savings accounts. Volatility has become the norm. In times

like these, people often look for ways to strengthen their financial foundation. Physical gold and silver have served that purpose throughout history. They're real assets that exist outside the digital and financial systems that tend to fluctuate during economic stress. They're not a guarantee, a shortcut to wealth, but they can offer diversification when things feel unpredictable. Preserve gold is committed to helping Americans understand their options with simple educational information, including how precious metals can be held in an IRA. For your free wealth protection guide, text IHeart to 50505. And with a qualified purchase, you could receive up to $15,000 in free gold or silver.

Don't wait. Text IHeart to 50505. For delicious meals, you could go out to eat. Or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me. Marie Callender's classic chicken parmesan bowl is delicious with scratch-made marinera sauce, creamy mozzarella cheese, and no preservatives.

It's high in protein with 30 grams per serving. Marie Callender's, what having it all tastes like. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum.

It doesn't get better than this. So, let me finish it off. Under their watch, everything you are buying, you are paying some things much higher prices. Yet they blame everybody else. Harry Truman, President Harry Truman, had a sign on his desk, the buck stops here. The sign on Biden and Haren's desk, the buck stops everywhere else.

They blame it on supermarkets gouging that have 1 to 2% margins. They're ill. What a gimmee to take them on. The simple one-to punch. Oh, by the way, Biden's also was out there lying. He is not doing it anymore.

He kept coming out and saying that inflation was, 9% when he became president. It was one point something and it wasn't until a year later was 9%. The media, of course, says he misspoke. I got newsfea. My world, a lie is a lie, is a lie is a lie. So the one-two punch, the nerve, the grapefruits of these people, the first, everything you're paying for is way up in price. and then tax the living hell out of you and then tell you, don't worry, it's not going to be you. I think I'd win California, New York just on that. I would go to California and campaign and show them what they are doing there.

How much more do you want taken and confiscated out of your wallets and pocketbooks into their hands? Do you know in California there are billions of dollars? is missing that was supposed to go for the homeless and it is worse than ever? How the hell of these people polling 1%? Do you know Secretary Mayorkas? You know the one of them that was saying that the border was secure? By the way, that was the gimme that J.D. Vance touched upon, but they just doesn't explain it well. Do you know he's saying they don't have the funds for hurricane victims from Hurricane Helene?

He was quoted. Yet they gave $350 billion of our tax dollars to a Democratic hack named John Podesta for the climate. All that money, how come it didn't stop Hurricane Helene? Because you can't. It's a scam. It's a con. can't stop hurricanes, you can't change the weather. You can't stop cooling. You can't stop the heat in the summer in Florida. They went after you decades ago saying it was global cooling.

They told you, if you disagree with them, you're a schnuck. And then it warmed up. They changed it to global warming. And if you disagree with them, you were a schnuck. And then there were blizzards around the world and they lost it. And they met in the room. room and said, we need to come up with better marketing. And they came up with those two words, climate change. So if it's cold, they're right. If it's hot, it's right. Let's just blame it on everything and go

after their wallets. And boy, oh boy, they've done a great job. And now they got the great fruits to say they don't have enough money for the hurricane victims. $350 billion doled out to one man to dole out to friends and relatives

and donors and not. one dime accounted for do you realize in a debate what I would do to these people I would have them faced down chewing on the floor with these facts and the Republicans can't even figure that out Trump is too worried about this that and the other thing and calling names and this and that it's a gimme people care about their health, their wealth, their safety, their family, their job, their future, their stability. Show them that.

No. Let's shoot shoplifters when they come out of the store. That's what Trump said. That'll make you feel better. But J.D. Vance, damn good job. I give Mnay. Walt's I thought he was fine

I disagree with policies but I don't think he you know he called himself what a knucklehead that's moronic what can I tell you there's your debate and now we move to nothingness

there's no more debates they're going to go and tell you this that and the other thing the media is going to murder Trump on 247 they're going to kiss the ass of Kamala Harrison Waltz every day which is what

they do. Every now and then they'll have a random act of journalism. And I mean random. And let's just hope we get gridlock. I am 100% sure the Republicans will have the Senate. I do know that. And that's my take. And more importantly, the Mets play game two tonight. Just so you know, in the wild card, the three games, two out of three, but the three games are at Milwaukee, against the Mets. It stays at the better team going into the playoffs. So let's hope they sweep those mothers and onto I believe they would play Philadelphia Phillies next. And I'll try to show up at one of those games. Anyway, those are my thoughts on the debate. You know where we stand. We believe it's the Ebola virus versus the bubonic plague. And J.D. Vance for president.

Again, that's my take. And don't be mad at me. It's just one man's opinion. I'll respect your opinion. Hope you respect mine. We deal in facts here. And we move forward. Hey, quiet day for the indices, but not so quiet for things.

Just remember, when we talk markets, we're about 200 sectors, countries, commodities. what have you. And there are a lot of jello moving on the plate right now. I'm going to start with China, which opened hot again today, sold off, and finished strong again. China stocks are in the redwood trees. If you put the Eiffel Tower on top of the redwoods, and then you put the Seattle Space Needle on top of the Eiffel Tower. That's how much they have gone up in a very short period of time. We'll talk more about that and everything else. I'm Gary. This is the one only Investors Edge. Hi, I'm Dr. Jake Goodman, host of Beyond the script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the

pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut,

you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. If you've been following the news, you know the world is dealing with a level of uncertainty that isn't going away anytime soon.

Inflation pressures, global tensions, and the highest U.S. debt levels on record continue to influence markets day after day. and the result is familiar to anyone checking their retirement balances or savings accounts. Volatility has become the norm. In times like these, people often look for ways to strengthen their financial foundation. Physical gold and silver have served that purpose throughout history. They're real assets that exist outside the digital and financial systems that tend to fluctuate during economic stress. They're not a guarantee and they're not a shortcut to wealth, but they can offer diversification

when things feel unpredictable. Preserve gold is committed to helping Americans understand their options. with simple educational information, including how precious metals can be held in an IRA. For your free wealth protection guide, text IHeart to 50505. And with a qualified purchase, you could receive up to $15,000 in free gold or silver.

Don't wait. Text IHeart to 50505. For delicious meals, you could go out to eat or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me. Marie Callender's classic chicken parmesan bowl is delicious with scratch-made marinera sauce, creamy mozzarella cheese, and no preservatives.

It's high in protein with 30 grams per serving. Marie Callender's what having it all tastes like. You're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on its feet here. He's a Cinderella boy.

With Gary Coltbaum. It comes highly recommended. You're going to feel better if you talk to. Welcome once again to Investors Edge. And by the way, when I talk about upward mobility, I also talk about philanthropy. The things I love to read is about Taylor Swift was in Edinburgh, Scotland and Liverpool and Cardiff. And what did she do? She directly into food banks, 925 people getting meals that may have not got meals that may have not got.

meals. That's the stuff I love and that's what people strive to do. You know, we're going to have, I believe, what is it, 2024? I'm going to guess it's our 21st to 22nd year. I have lost count. My family started. It's called the Blessings Banquet. The Colpom family Blessings Banquet. Every Thanksgiving, we will serve. It's been in the neighborhood of 300, I think, sometimes we had 400 kids from the boys and girls clubs of central Florida, a Thanksgiving dinner, and we can pretty much guarantee a lot of them, not all, would not have had a Thanksgiving dinner. And there's music. Every now and then, a shack showed up one time, Ken Griffey a couple of times, but mostly it's for the kids. There's music, there's games.

I get some magicians, Kostia Kimlet, one of the greatest magicians in this world. A buddy of mine has shown up with some of his magicians. Do you know how great it makes me feel to do that? This is what people love to be able to do things like that. If they're working their arses off, to be able to do things like that. That's what I'm talking about. And yet you have this one side of the aisle that is determined to take out a machete and cut you off at the knees and take out a mallet and bang you right over the head

as you go higher in life. And then they demonize you. Privilege, few and fair, share. And I say, go stick it. These are the things we're talking about. And we will continue talking about them. So Taylor Swift, well done. people are mad oh she said she's going to vote for Kamla i'm not mad anybody has the right to vote

for whoever they want terrific wait till she sees a tax bill anyway serenity now uh we move on so uh the Dow was only up 39 s&P was flat nasdaq only up 14 NASDAQ 100 only up 29 transports were down 131 advanced declines were down a little bit, but some jello moving on the plate today. China. Even I underestimated the move. I did not underestimate what China's done. They have taken what Jay Powell did here and times it by a bunch. And that's why you're getting this vertical straight up move. And some of the higher octane stuff is up like 100% in two to three weeks. And every day. time I think up we're hitting the wall. Nope, hasn't happened yet. So obviously still very

underinvested there. Beats the hell out of me what to do. I as a technician cannot get in when things are so stretched and extended. It comes under the headline, darned if you do, darned if you don't. Am I p-oed I'm not in? Well, yeah, but I must tell you I wasn't in the bare market. and let me just be clear. Devastating bare market in Chinese stocks. Devastating. You know how they've been telling you for years diversify?

Devastating. Bare market in China stocks. Crushed. Not right now. In case you don't know if you want to know devastating, the FXI. has just gone from 25 to 35 in the last three weeks. That's the main exchange traded fund.

It was 73 in the year 2007. It's still over 50% down from 2007. It is still down. Now it's only down about 35% since 21. Was much worse. couple of weeks ago. Anyway, we'll keep your prize, but again, it's about as much stretched and extended. I have seen something except for the meme stocks, which are now dead, except for the meme stocks,

straight up. Semiconductors. Every day, we're looking to see if they're going to get revived. And yesterday was a terrible day. Today, a much better day. I don't have much to say to you at this juncture. except today was a better day. The strength,

Broadcom, but has done nothing for about 14 weeks and did a 10-for-1 split. We'll let you know if it decides to break out. Another one is monolithic power, MPWR, because it's above the 50-day moving average.

And Nvidia today is in the 15th week of range-bound, topped out at one, 40.76 in late June, held the 50-day moving average today, and hopefully it's tracing out something good. Remember, we've made some serious coin on this stock, and we would love nothing more than Nvidia's come out of this range after it's done. And here's how we'll know, are you ready? First and foremost, very short term needs to take out yesterday. Reversal day. Let's call it 12250. After that, I'm going to call it taken out 12770, then 131.30. Then we'll start talking about the old highs.

remember in order to go higher duh you have to go higher in order to go higher in order to go higher you have to pass levels you haven't got through in the past and that's all we look to do

most important as we said in Vidia constructively we think held some support today my biggest issue, it trades 342 million shares a day after the 10-for-1 stock split. Am I asking for 600 million share day? On a big up day? You're damn right, I am.

That will tell me the institutions are showing real conviction in their buying. We'll let you know. on the negative front we are finding more names breaking down not the end of the world but just more names but we're noticing

and I believe we mentioned this yesterday Microsoft acting terribly it's Microsoft Google Bluh Dell yuck Adobe terrible some big names Amazon

not so great They rallied up a little, but just in case you don't know, Amazon is trading about 8% off the highs of June, and you have to go back now to April. Actually, the end of March, no gains in Amazon. Great company, we'll keep on watch. Do you know I just had my hammer mill paper sent to me from Amazon instead of going to an office depot,

and I paid $9 less with no. shipping fee, then I would have paid it Office Depot. Boy, oh boy, Bezos. He really nailed it. I already told you about the Post-it notes. I got 50% off of what I would have got at one of the stores. But, stocks doing nothing right now. Netflix keeps teasing the upside. Meta's been strong. Apple, I don't know what to make of it. day yesterday was starting real bad today and held the 50 day moving average. All the talk, the iPhone not selling as well, it's holding up pretty well. Let it tighten up. I'll jump on it again. Up next, what else we got in these markets? This is the one only investors edge.

Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacist to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat and it just becomes like a lifestyle where, oh yeah, you know, I just I have a stomach kick every day, or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with.

So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Every day the headlines shift, but the uncertainty never seems to fade.

From rising geopolitical tensions to record U.S. debt and ongoing debates about inflation and money printing. Americans are watching economic forces that feel far beyond their control, and for many, that instability is showing up in retirement accounts, personal savings, and long-term financial plans. More people are taking a closer look at options that don't depend on. Wall Street. Physical gold and silver have been used for generations as real tangible assets during unpredictable moments like these. They're not about replacing existing investments, they're about adding a layer of diversification that has historically helped provide balance during

volatile periods. Preserve gold focuses on education, giving everyday American straightforward information about how precious metals can fit into a retirement strategy, including options to hold them inside an IRA. To get your free wealth protection guide, text IHeart 2-505 505. And with a qualified purchase, you could receive up to $15,000 in free gold or silver. Text IHeart to 50505 today. For delicious meals, you could go out to eat or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me.

Marie Callender's classic chicken parmesan bowl is delicious with scratch-made marinera sauce, creamy mozzarella cheese, and no preservatives. It's high in protein with 30 grams per serving. Marie Calendors, what having it all tastes like. We're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! Investors Edge. With Gary Culper. And welcome once again to Investor's Edge. Lesson time. How about a little lesson? Nike. Uh, stock was down.

6.77% on an earnings drop of 26% year over year. More importantly, a sales drop. Now, I just want you to think about this. They sold in the ending August quarter 10% less merchandise than the quarter last year. And we do year over year because of seasonality. that's a business that is contracting. We don't own any. If you have noticed in this radio show forever,

and we can safely say this, and by the way, we must measure our words here. Do you know why? We are the most regulated industry out there, and I will never, ever, ever, ever, ever, do something that bites into those regulations. I can never guarantee you anything. I can guarantee you your money market funds.

Actually, I can't. They're not guaranteed either. Interesting. But what we can tell you on this radio show, we have nailed for you and for ourselves not being in bare markets. We've lost money, but that's only because we try to buy things that are on the launching pad that move out. And sometimes they just tuck in like frightened turtles.

Why don't we own Nike? Why haven't we owned it writing it down from 123 in December 23 to 83 today? and in fact go back to 21, 176, down to 83. Last eye looked, that's more than 50%. The reason why we don't own Nike, it's been mostly in a definable, bearish phase downtrend that for us was easily recognizable. Now, when the market bottom last October, all boats were lifted.

That's what happens at bottoms of bare phases for the markets. But it was lifted up, and we could tell it was lifted up, and since their numbers have done nothing more but decelerate. And what that means is sales growth, 1,0, minus 2, minus 10. stock prices will reflect that. It's the same thing that's been happening with Tesla. Tesla's been better because now a promise of robo-taxies, but it's still down about 40% from a few years ago.

Most people don't recognize it. And sales growth in Tesla when it was 50, 60, 70 will last four quarters, 9, 3, minus 9, 2. Earnings on those sales, minus 37, minus 40, minus 47, minus 47, minus 43. William O'Neill came up with CanSlim, and it's a combination of fundamentals and technicals, but also knowing that the characteristics of bullish stocks has great fundamental, strong, earning strong sales growth and the longer the growth the better the stronger the growth the better but you must recognize that those stocks will top out on the best growth as the growth ends up

decelerating we're just letting you know for you for us we continue to avoid the bare markets and the bare stocks they all have the same characteristics to a certain extent. They all have the same vibe to them. And the fundamentals are usually troublesome. So just as a lesson, maybe one day Nike's going to turn it around. We sure hope so. But have you read which celebrities are no longer with them?

Just things to think about. And we hope they turn it around. We like success stories. As we told you, the last big Kmart shut down last week. They sold the same things as Walmart did. Walmart thrives. Kmart is done. Why didn't we own any Kmart?

Bare market, bare business. So just as a lesson to you. Listen up. Ears open. Because when we start talking sectors in certain stocks, bear markets, bearish phases. down trends, we'll always tell you we don't know how bad it gets or how far it goes. We just know in real time, markets not favoring.

And in case you haven't seen, in the last three or four years, there's a ton of devastation out there still from the year 21 when they were topping out all the growth names. Peloton, anyone? There's your lesson of the day. very important to pay attention. And when I get accounts in that have 50 stocks in them and 10 of them are in definable bear markets, some of them down 80 and 90%.

We weep! It means they're not doing their homework in recognition of bull and bear markets. Lazy. They're lazy. That all said, you have a great evening. Drive carefully. When you get home to like we do,

Quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I'll be on Varnie and Company tomorrow in the 9 a.m. hour. Don't miss that. And until tomorrow, go bets.

Peace out all. Thanks for joining. Good night. This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Volatility is hitting retirement accounts and sales. savings across the country. More Americans are exploring physical gold and silver for added diversification

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